{"id":278197,"date":"2019-06-12T06:10:58","date_gmt":"2019-06-12T06:10:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278197"},"modified":"2019-06-12T06:19:38","modified_gmt":"2019-06-12T06:19:38","slug":"oil-rises-with-financial-markets-longer-supply-cuts-expected","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-with-financial-markets-longer-supply-cuts-expected\/","title":{"rendered":"Oil rises with financial markets, longer supply cuts expected"},"content":{"rendered":"<p>Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer group OPEC and its allies will keep withholding supply. <\/p>\n<p>Front-month Brent crude futures were at $62.56 at 0707 GMT, up 27 cents, or 0.4 per cent, from Monday&#8217;s close. US West Texas Intermediate (WTI) crude futures were at $53.75 per barrel, 49 cents, or 0.9 per cent, above their last settlement. <\/p>\n<p>Prices fell by around 1 per cent in the previous session and crude futures are down by some 20 per cent from their 2019 peaks in late April, dragged lower by a widespread economic downturn that has started to impact oil consumption. <\/p>\n<p>Traders said crude oil futures on Tuesday were pushed up by a broader lift in financial markets after Beijing eased financing rules to stem an economic downturn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer group OPEC and its allies will keep withholding supply. Front-month Brent crude futures were at $62.56 at 0707 GMT, up 27 cents, or 0.4 per cent, from Monday&#8217;s close. US West Texas Intermediate (WTI) crude futures were at $53.75 per barrel, 49 cents, or 0.9 per cent, above their last settlement. Prices fell by around 1 per cent in the previous session and crude futures are down by some 20 per cent from their 2019 peaks in late April, dragged lower by a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-278197","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=278197"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278197\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}